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RE: As it turns out, February 6th was indeed a very important day for Cryptocurrencies!
Tethergate is still a dark cloud hanging over the market, unfortunately. I don't think we're out of the woods just yet. If Tether publishes some kind of audit or clears up the uncertainty in some way, markets will rally like a bat out of hell!
UpBit came out yesterday and said that all their customers will get equivalent USD if Tether collapses, which was a little weird: https://twitter.com/CryptoOfKorea/status/961087459093307393
I think a lot of exchanges might end up doing that, considering the amount of profits they have been taking in over the past year. Given than, I think the tether situation is massively overblown to be honest.
Agreed on overblown. What is Tether worth? $2 Billion in a market that is $400 Billion.
Would be like Barnes and Noble declaring bankruptcy, while Amazon was growing.
Barely a ripple on the water.
"Tethergate is still a dark cloud hanging over the market" agree it seems very very dodgy,